21,949 Shares in Vivmark Residential Common Shares of Beneficial Interest $VMRK Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 21,949 VMRK shares worth approximately $1.334 million, while institutional investors and hedge funds collectively own 92.68% of the stock.
• Analyst sentiment is mixed but leans toward “Hold”: five analysts rate the stock Buy and eleven rate it Hold, with a consensus price target of $71.42 versus a recent price of $63.62.
• Insiders have sold 58,286 shares worth about $3.74 million over the past three months. The company’s quarterly dividend is $0.7025 per share, implying a 4.4% annualized yield, though its payout ratio is elevated at 122.17%.

Assenagon Asset Management S.A. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 21,949 shares of the company's stock, valued at approximately $1,334,000.

Other large investors have also recently added to or reduced their stakes in the company. Mystic Asset Management Inc. boosted its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 93.3% during the third quarter. Mystic Asset Management Inc. now owns 12,950 shares of the company's stock worth $787,000 after buying an additional 6,251 shares during the period. Ninety One UK Ltd bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $492,000. State of Alaska Department of Revenue bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $27,330,000. Fort Washington Investment Advisors Inc. OH bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $38,810,000. Finally, Mather Group LLC. bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $33,000. 92.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VMRK. Royal Bank Of Canada lowered their target price on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 13th. Mizuho upgraded Vivmark Residential Common Shares of Beneficial Interest from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $70.00 to $73.00 in a research report on Tuesday, September 8th. Weiss Ratings initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 19th. They issued a "hold (c)" rating for the company. Barclays lowered their price target on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 14th. Finally, Stifel Nicolaus lowered their price target on Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a "buy" rating on the stock in a report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $71.42.

Insider Buying and Selling

In related news, Director Christopher B. Howard sold 8,486 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total value of $543,104.00. Following the sale, the director directly owned 12,730 shares in the company, valued at $814,720. The trade was a 40.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Swanezy sold 15,700 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the completion of the sale, the director owned 28,934 shares in the company, valued at $1,845,989.20. The trade was a 35.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is owned by insiders.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of VMRK stock opened at $63.62 on Friday. Vivmark Residential Common Shares of Beneficial Interest has a 1 year low of $57.57 and a 1 year high of $71.50. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. The firm's fifty day moving average price is $63.16. The firm has a market cap of $23.86 billion, a PE ratio of 26.60, a PEG ratio of 3.60 and a beta of 0.74.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share for the quarter. The business had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. Equities research analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were paid a $0.7025 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.81 annualized dividend and a dividend yield of 4.4%. Vivmark Residential Common Shares of Beneficial Interest's payout ratio is currently 122.17%.

Vivmark Residential Common Shares of Beneficial Interest Company Profile

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, DC, Seattle, San Francisco, Southern California and Denver.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.